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The Egyptian Exchange (EGX) held its first meeting with 20 representatives of Nominated advisors of Nilex, aiming to develop the working system of listed in the SMEs Stock market.
During the meeting, Mr. Mohamed Farid, Chairman of the Egyptian Exchange, explained the management's efforts for developing the Egyptian Capital market giving a top priority to Nilex as the gate way for growth of SMEs, Pointing out that there is a plan to create a platform for development and capital increase and growth expansion of serious companies, stating the need for the nominated advisors to expand in the issuance of Nilex studies and research papers on the sponsored companies. As well as hard work to attract and list financially strong companies, stressing on the activation of electronic listing to facilitate registration procedures. He also stressed on the need of coordination between the listed companies and nominated advisors to hold joint meetings in order to inform the research centers of the work developments so that they can issue studies about listed companies to acquaint customers with the latest developments, data and plans of action in the light of what has been disclosed and in accordance with the organizing rules.
On the other hand, the representatives of the nominated advisors expressed their optimism with the support of the Exchange's management of this market, assuring the importance of activating the electronic listing and its role in facilitating the documentary course necessary to obtain approvals related to the registration process. From another side, the attendees required to increase the efforts done in increasing the public awareness of the important role of NILEX, and offering incentives to encourage listing of SMEs. They also agreed to participate in the promotional tours planned by the management of the EGX during the coming period in various governorates of the country.
